The cost of the impact could total around 20 million pounds ($26...
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Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top...
Elon Musk’s X sues Centre over alleged Censorship, IT Act Violations
'X' (formerly Twitter) raised concerns over the Centre's...
Record global InsurTech funding of $15.8 billion in 2021:Report
By the end of 2021, an enormous $41.65 billion had been invested globally into InsurTechs across 2,249 deals in 63 countries. It included 99 mega-round deals, which accounted for $21.88 billion of the total. Therefore, more than half of all the investment (52%)...
Ransomware a growing cyber risk for US corporates, financials & Govt: Fitch
In 2021, there were 421.5 mil. attempted ransomware attacks in the U.S. and 623.3 mil. globally, up 98% and 105% YoY, respectively, according to a March 2022 report from the Senate Committee on Homeland Security and Governmental Affairs. Ransom payments are also...
Tata Motors aims to build 80,000 EVs in Fy 2022-23: Report
By 2030, India wants electric models to make up 30% of total car sales. Tata accounts for 90% of India's EV sales - a segment that still only represents 1% of the country's annual sales of about 3 million vehicles Mumbai: Tata Motors expects to aggressively ramp up...
IndiGo becomes 1st airline to land aircraft using navigation system GAGAN
"In India's civil aviation sector, GAGAN will modernise the airspace, reduce flight delays, save fuel and improve flight safety," the statement said The Directorate General of Civil Aviation (DGCA) has issued a mandate for all aircraft registered in India after July...
Musk’s Twitter ambitions to collide with Europe’s tech rules
Elon Musk Elon Musk will soon be confronted with Europe's Digital Services Act, which will require big tech companies like Twitter, Google, and Facebook parent Meta to police their platforms more strictly or face billions in fines Elon Musk's Twitter acquisition and...
Windows under attack from Chinese threat actors: Microsoft
"As Microsoft continues to track the high-priority state-sponsored threat actor HAFNIUM, new activity has been uncovered that leverages unpatched zero-day vulnerabilities as initial vectors," the company said in a blogpost San Francisco: Tech giant Microsoft has...
Insurtech funding in India jumps to $ 800 million in 2021 from $290 million in 2020 :BCG Report
There has been a steady rise in no of insurtech unicorns with over 20 Unicorns in 2021, 14 in United States, 4 in UK, 2 each in India (Acko & Digit Insurance ) & France , 1 each in Austria, Israel & Mexico Jitesh Shah, MD & Partner BCG Asia Pacific...
Twitter set to accept Elon Musk’s $43 bn ‘best and final’ offer
The 50-year-old entrepreneur, who is also CEO of rocket developer SpaceX, has said he wants to combat trolls on Twitter and proposed changes to the Twitter Blue premium subscription service, including slashing its price and banning advertising Twitter Inc is poised to...
US Cyber insurance sees rapid premium growth, declining loss ratios: Fitch
A sharp increase in 2020 cyber loss ratios promoted substantially higher prices and rapid premium growth in 2021 that exceeded incurred losses, leading to surprising improvement in the cyber direct loss ratios versus the previous year Fitch estimates that standalone...
Luxury carmakers see accelerated demand for premium-end models in India
''In the last couple of months, I would say the trend started from last year, the demand on the C and D segment, which is cars above Rs 70-75 lakh, the growth in that segment is even more than the volume-segment growth for us,'' Audi India Head Balbir Singh Dhillon...